How Much Severance Pay for Excellent Long Term Nanny?

[Anonymous]

Anonymous wrote:Yes. One week's pay per each year of service, then round up.

One week for every year? Outrageous. I would give her THREE MONTHS as a GIFT so it is not taxable. She was the most important person and in your child's life because she was with her for every waking hour. You had peace of mind knowing that your child was safe because of this nanny. Show your gratitude.

Your cheap husband is a douchebag.

[Anonymous]

Anonymous wrote:MB (not OP) here. While one week per year is a lovely idea, I wouldn't be able to afford an entire extra month of salary easily.

OP - What about two weeks of her net pay amount as a parting gift? This is skirting the taxable income piece a bit but might let you be more generous more easily.

The truth though, is that the fact that you're giving your nanny 6 months notice, combined with a week's salary, is already terrific. You have nothing to feel badly about.

Do without your Starbucks coffee for a month. Cheap.

[Anonymous]

Severance pay is lovely and also very necessary. A lot of families don’t realize that even with a lot of advanced notice, leaving a long term nanny position is a big project. There is a very real, very prevalent depression from separating from a child you’ve cared for and loved for so long. It is not like a normal job, and having the time to grieve is important.

[Anonymous]

Anonymous wrote:Severance pay is lovely and also very necessary. A lot of families don’t realize that even with a lot of advanced notice, leaving a long term nanny position is a big project. There is a very real, very prevalent depression from separating from a child you’ve cared for and loved for so long. It is not like a normal job, and having the time to grieve is important.

I got nothing but some cards and hugs when my last long term nanny position ended. However, when my short term position ended (less than 3 mos) I got a thoughtful gift and a card. I of course appreciate any actual gift, but why do families hate giving money?!?!

[Anonymous]

Anonymous wrote:

Anonymous wrote:Severance pay is lovely and also very necessary. A lot of families don’t realize that even with a lot of advanced notice, leaving a long term nanny position is a big project. There is a very real, very prevalent depression from separating from a child you’ve cared for and loved for so long. It is not like a normal job, and having the time to grieve is important.

I got nothing but some cards and hugs when my last long term nanny position ended. However, when my short term position ended (less than 3 mos) I got a thoughtful gift and a card. I of course appreciate any actual gift, but why do families hate giving money?!?!

Cash seems crass to some people.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Yes. One week's pay per each year of service, then round up.

One week for every year? Outrageous. I would give her THREE MONTHS as a GIFT so it is not taxable. She was the most important person and in your child's life because she was with her for every waking hour. You had peace of mind knowing that your child was safe because of this nanny. Show your gratitude.

Your cheap husband is a douchebag.

Gifts to an employee valued above $25 is considered taxable to both employer and employee.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Severance pay is lovely and also very necessary. A lot of families don’t realize that even with a lot of advanced notice, leaving a long term nanny position is a big project. There is a very real, very prevalent depression from separating from a child you’ve cared for and loved for so long. It is not like a normal job, and having the time to grieve is important.

I got nothing but some cards and hugs when my last long term nanny position ended. However, when my short term position ended (less than 3 mos) I got a thoughtful gift and a card. I of course appreciate any actual gift, but why do families hate giving money?!?!

Cash seems crass to some people.

It seems crass to get someone a wasted gift when cash is always used.